Current Mortgage Rates: Compare today’s rates | NerdWallet
Savings Corner
DECEMBER 25, 2023
Instead, they use a mortgage, which is a loan to buy a home. Principal is the original amount of money you borrowed while interest is what you’re being charged to borrow the money. If you seem like a safe bet to a lender, you’re more likely to be offered a lower interest rate. How you’re using the home.
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